N & S Auto Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07146570

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		186,519		186,244

			186,519		186,244
CURRENT ASSETS
Stocks	6	8,500		8,500
Debtors	7	10,653		10,393
Cash at bank and in hand		71,391		83,314

		90,544		102,207
Creditors: Amounts Falling Due Within One Year	8	(73,635 )		(76,920 )

NET CURRENT ASSETS (LIABILITIES)			16,909		25,287

TOTAL ASSETS LESS CURRENT LIABILITIES			203,428		211,531

Creditors: Amounts Falling Due After More Than One Year	9		(42,490 )		(52,236 )

NET ASSETS			160,938		159,295

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			160,838		159,195

SHAREHOLDERS' FUNDS			160,938		159,295

Page 1

Page 2

N & S Auto Services Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stuart Redhead

Director

31/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

N & S Auto Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07146570 . The registered office is 62b Thornes Lane, Wakefield, West Yorkshire, WF1 5RR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No depreciation
Plant & Machinery	20% Reducing balance
Motor Vehicles	20% Reducing balance
Fixtures & Fittings	20% Straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

N & S Auto Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2024	182,000

As at 31 January 2025	182,000

Amortisation
As at 1 February 2024	182,000

As at 31 January 2025	182,000

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 February 2024	175,000	48,536	4,500	6,786	234,822
Additions	-	3,469	-	-	3,469

As at 31 January 2025	175,000	52,005	4,500	6,786	238,291

Depreciation
As at 1 February 2024	-	37,979	3,813	6,786	48,578
Provided during the period	-	3,057	137	-	3,194

As at 31 January 2025	-	41,036	3,950	6,786	51,772

Net Book Value
As at 31 January 2025	175,000	10,969	550	-	186,519

As at 1 February 2024	175,000	10,557	687	-	186,244

Page 4

Page 5

N & S Auto Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Stocks

	2025	2024
	£	£
Finished goods	8,500	8,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,493	1,508
Prepayments and accrued income	6,082	8,885
Other debtors (1)	78	-

	10,653	10,393

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,021	12,949
Bank loans and overdrafts	61	-
Corporation tax	17,704	19,744
Other taxes and social security	1,461	512
VAT	6,351	3,306
Net wages	6,175	4,765
Other creditors	(192 )	(192 )
Other creditors (1)	155	146
Directors' loan accounts	29,899	35,690

	73,635	76,920

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	42,490	52,236

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 5